Anyone who has even vaguely followed the news headlines lately will know that the other week saw the occurrence of something very significant for the Spanish property market: the United Kingdom general election, and in particular, the delivery of a massive majority in Parliament for Prime Minister Boris Johnson’s Conservative Party.
The Tory victory may spur prospective Spain homeowners into action
Whatever one’s political views might be, it’s difficult to deny that the result will almost certainly spell an end to the Brexit paralysis that has concerned many in both the UK and Spain for a while now.
This, in turn – far from having a chilling effect on the popularity of the best property Sotogrande has to offer – could arguably help to make homes in this exclusive area of the Costa del Sol even more sought-after in 2020, now that it is sure Brexit will definitely be going ahead.
But it’s also not the only reason why this might be the case, as there are also all of the factors below to bear in mind if you’re interested in purchasing Sotogrande property during the coming year.
Spanish property prices continue their recovery
The values of real estate in Spain have been on the up for a number of years now, showing stirring recovery after finally shrugging off many of the effects of the late 2000s global economic slowdown.
Just earlier this month, the Spanish government’s central statistics unit released figures showing that property prices in the third quarter of 2019 went up by 4.7% compared to the same period the previous year.
In Andalucía – the region in which Sotogrande is situated – house prices went up by 2.1% over the three months, indicating that there remains plentiful scope for continued rises in values here.
Coastal developments are attracting a lot of attention, too
Slightly more informally, it has been reported that prospective buyers of property in Spain from overseas have been showing particular interest in coastal areas lately.
Sotogrande has long been among the most prestigious coastal developments in the country, with a reputation for attracting royals, politicians and celebrities alike.
So, if you’re perusing the property Sotogrande has available during your festive break and see what looks like a relative bargain, we would suggest that you firm up your interest sooner rather than later, if you are not to miss out.
We’re entering a period of greater certainty for property hunters
With Spanish property prices showing stable, reliable growth and Mr Johnson empowered to enter serious fresh negotiations with his European Union (EU) counterparts on the future UK and EU relationship in the months to come, much of the fog of uncertainty that characterised previous years seems to have cleared just in time for the New Year.
Here at BM Sotogrande, we are continually seeing new opportunities come on stream for buyers like you to snap up local property. Furthermore, we have the expertise and experience to guide you towards the openings in the market that represent the best match to your preferences and needs.
Enquire to our capable team today, and we would be pleased to talk to you about how we could aid you in getting your 2020 off to the most magical start.